Last Christmas’ $100 in Bitcoin and Ethereum is now significantly higher

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In the event you determined to speculate $100 in every BTC and ETH final Christmas, how a lot would they be price right this moment?

Because the market is seemingly out of a chronic crypto winter that started in early 2022, on Christmas day, we’re witnessing a major distinction within the worth of main cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH), in comparison with the earlier yr’s values.

If an investor had the foresight to speculate or reward somebody $100 price in Bitcoin and Ethereum final Christmas, they might be reaping some good-looking income.

Let’s delve into the numbers. On Christmas Day in 2022, Bitcoin was valued at roughly $16,900. Quick ahead to right this moment, it stands at round $43,500. This substantial development signifies that a $100 funding in Bitcoin a yr in the past would now be price roughly $257.4, representing a 157.4% improve.

Ethereum has proven the same efficiency. It has soared from round $1,200 on Christmas Day 2022 to about $2,290 right this moment. Consequently, a $100 funding in Ethereum final Christmas would now quantity to roughly $190.83, marking a 90.8% improve.

Heading into 2024, the market is beaming with positivity, because the hype of Bitcoin ETFs and halving is poised to convey the market again to its all-time highs. Analysts are hoping for this bull market to stretch past subsequent Christmas, however it can rely upon which facet of the dimensions market sentiment goes within the new yr.

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